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Bitcoin Retreats 20% From Record, Joining Risk-Asset Sell-Off

  • Drop comes amid wider market declines sparked by virus variant
  • Largest cryptocurrency sitting near 100-day moving average
Bitcoin Kiosk As Currency Climbs Following Renewed Backing

Photographer: Angel Garcia/Bloomberg

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Bitcoin tumbled 20% from the record high it notched earlier this month as a potentially worrisome new variant of the coronavirus spurred traders to dump risk assets across the globe.